Ángel Escribano has formally presented his resignation as president of Indra through a letter addressed to the technology company's board of directors, in which he explains that he acts "out of responsibility" and "in order not to interfere with the stability of the company."
In the letter, Escribano admits that the events that occurred in recent weeks have led to a scenario that, "besides the personal wear and tear, threatens to compromise the objectives that drove him from day one and that he considers essential for the future of Indra and the sector".
The now former president emphasizes that, "faithful to the values of responsibility and loyalty that I have always defended, I cannot allow my continuity to interfere with the stability of the company, its professionals, and the trust of its investors", and remarks that, "and prioritizing Indra's interest above any personal consideration", he chooses to leave his position as director and executive chairman.
Escribano details that "it has been a deeply considered decision" and that these days have served him to calmly reflect on this stage, feel satisfied with the work done and show his gratitude "for everything we have achieved together as a team". In this sense, he highlights his recognition of the board of directors and the "extraordinary team of professionals of the company, whose commitment has been decisive in this stage".
In the final part of the letter, he assures: "I remain at your disposal for anything that may be necessary and I firmly wish that this decision contributes to reinforcing the continuity and success of this wonderful project".
For its part, the board of directors has wanted to leave reflected in minutes the role played by Escribano and his leadership at the head of the company during his mandate as executive chairman.
Given the vacancy generated, the coordinating independent director, Virginia Arce Peralta, has set in motion, together with the Appointments, Remuneration and Corporate Governance Committee, the procedure to designate the person who will assume the chairmanship of the board of directors.